10 things you need to know before the opening bell

Walker a seven year old polar bear shakes water from his fur as emerges from the icy pond at the RZSS Highland Wildlife Park in Kincraig, Kingussie, Scotland.

source

Reuters/Russell Cheyne

Here
is what you need to know.

Bonds had a terrible November. Global bonds lost
$1.4 trillion of value in November as they suffered through their
worst month since at least 1990, Bloomberg reports. The sell off
is continuing on the first day of December with the US 10-year
yield up another 3 basis points at 2.41%, its highest since July
2015.

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Oil is extending its OPEC gains. Brent crude
oil, the international benchmark, is higher by 1.5% at $52.60 per
barrel after OPEC agreed to its first production cut in 8 years
at Wednesday's meeting. The energy component is up almost 14%
since Tuesday's close.

CME Group had a record-setting month. Volatility in
response to the election produced three of the 10 busiest days in
exchange history and average daily volume of about 20 million
contracts, up 45% from a year ago, Reuters says.

FitBit is nearing a deal for Pebble. The deal is
expected to be worth somewhere between $34 million and $40
million, according to VentureBeat. That's far less than the $58
million investors have poured into the company over the years.

Steve Cohen settled an old insider trading case.
Billionaire Steve Cohen has agreed to pay $135 million
to settle a lawsuit filed by shareholders of Elan Corp, who said
they lost money as a result of his insider trading in the
company's stock during his hedge fund days at SAC Capital,
Reuters reports.

US economic data flows. Initial jobless claims
will cross the wires at 8:30 a.m. ET and before Markit US
Manufacturing PMI and ISM Manufacturing are released at 9:45 a.m.
ET and 10 a.m. ET, respectively.